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Kirti Menkudle

Category : TDS ON N..,
Solved
February 15, 2019 5:34 pm
  • TDS ON NRI PURCHASE
Hi Sir,
We are planning to buy a house property worth 1.03 Cr agreement value in the joint name and joint home loan of myself and my husband. The property is also in the joint name of husband and wife and they have an Indian Pan card. However, their status is NRI. As per the rule banks says upto 23....
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Amlan Dutta
1. What things / documents should we ask from him for his investment in bonds. (Worried coz buyers are liable to pay TDS & dont want any income tax notice for not giving TDS)

Why should you even want to know whether he will get capital gain exemption or not
This has no bearing on deduction of TDS
S...
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  • February 15, 2019
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Kirti Menkudle
Thanks a lot Sir for your elaborate answer to each and every query.
Appreciate your time and effort to help people like me who are not aware of many facts.
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  • February 15, 2019
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Mahesh S

Category : How to c..,
Solved
February 15, 2019 12:38 am
  • How to compute income from house property
Sir, I have a single House property which is let out(Rent 10500 p.a.,) and also a Home loan(Interest paid this year Rs. 2,78,000). But I stay in a rented house at a different place. Income from salary is 607950. Whether I have to include the rental income as Income from House property ? Can deductio...
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Amlan Dutta
Yes, you will show rent income under income from house property and surely, you can claim deduction benefit of home loan interest to the extent of 2 lakh rupees ......the computation itself for income from house property for let out house besides 30 % net annual value takes take into account inte...
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  • February 15, 2019
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Ashish Kumar Das

Category : ADVANCE ..,
Solved
February 14, 2019 9:17 pm
  • ADVANCE TAX
Dear Mr. Dutta,
In the month of December'2018 I have received my salary for last three years in arrears which is approximately Rs. 60,000,00/- (Sixty Lakhs). However, my employer did not make any TDS for this amount. I plan to file form 10E to claim relief. But my question is whether I need to pay a...
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Amlan Dutta
Surely you need to pay advance tax ...But, first figure out taxable income for FY 2018- 19 and the arising tax liability ...Now for paying advance tax for FY 2018 19, the rules prescribe that you are supposed to pay 30% advance tax by 15th June 2018, 45% (cumulative)of advance tax is paid by 15th ...
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  • February 14, 2019
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Amlan Dutta
It should be fine, i guess ...take care ...revert if you face any issues
  • February 15, 2019
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Hemant Modi

Category : Tax Comp..,
Solved
February 13, 2019 10:29 am
  • Tax Computation
Hi,

I am a government employee. I had got a notice to pay an excess salary which was credited to my account a couple of years back. Below is the amount.
Base Amount: 52000
Interest Amount: 62000
Total: 114000

I have paid the above amount to the employer. Please let me know if I am eligible to get tax exe...
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Amlan Dutta
The year in which you got the amount i.e salary and interest , the same year , you had to declare and pay taxes ...salary under salary head and interest under income from other sources ......for question of exemption and other things , refer to your form 16 provided by employer ....Interest has no e...
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  • February 13, 2019
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